Show, discuss and analyze (using models we have learned in class) a real world example of ceteris paribus violation of supply or demand conditions in markets. NO DIRECT COVID-INDUCED VIOLATIONS PLEASE, no toilet paper, hand sanitizer, rubber gloves PPE etc. Pick your real world example from any primary source (see "Source Materials" below for further details) With respect to your example, discuss at least one change of a supply or demand condition (i.e. a Ceteris Paribus violation) as detailed in the research you have done In your discussion I want to see the text quoted from the original sources (put in quote marks and in italics) and research along with your own work Your discussion must include: A brief description of the market you have researched A detailed description of the ceteris paribus violation - what happened? why was this a ceteris paribus violation? Was it a ceteris paribus violation for the demander or the supplier? Explain your reasoning. Draw the market diagrams. Show the initial market equilibrium, give the supply/demand diagram a title/heading, label both axes and explain in words what you have drawn and what is happening Show the shift in the relevant curve, show on the diagram the disequilibrium that is created Show the invisible hand's reaction. Do prices change? How? Show in a new diagram a movement from the old equilibrium to the new one. Summarize the changes in prices and quantities Wherever possible, quote from your research when you explain what is happening in the markets as shown in your diagrams Submit the following (for more instructions see below): Your assignment Your diagrams Your research

The ceteris paribus violation does not have to be current. It may have happened in the past

While your research does not need to document changes in market prices or quantities (eg "egg prices rose from $1.45 for dozen to $3.61 per dozen"), this sort of information might be helpful and make your analysis easier. Qualitative information (eg "prices slump" or "prices skyrocket" or "market collapses") will work to give you direction of prices and quantities.

I strongly advise choosing markets with lots of small buyers and/or suppliers. You have not yet learned the tools to analyze markets where there are a small number of suppliers

For further clarification DO NOT use case material that involves the following:

Obvious COVID-19 cases like toilet paper rubber gloves, paper towels and hand sanitizer

Microsoft, Amazon, Facebook, Google, Uber, Lyft (or their international equivalents)

The car market

The eyewear market

The telephone or telephone equipment markets, fixed line or mobile

The supply side of the oil market

The market for diamonds

Any market dominated by less than 5 competitors/suppliers

Simply submit the links/urls. If you complete , note that the research must be visible to me with a single click on your url, only urls that work will receive credit for research submitted this way. Common mistakes involve urls that do not work and urls that are beyond a pay wall. For example a link to an article in the New York Times is behind a pay wall that has 3 free clicks per month. If you are the fourth student submitting a link to a New York Times article I will be blocked and you will not get credit.

If you are not confident that I can see with one click, make a pdf of your research and combine it with your assignment as a single pdf document.